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Title: The Richest Man in Babylon by George S. Clason ISBN: 0-451-20536-7 Publisher: Signet Pub. Date: 03 February, 2004 Format: Mass Market Paperback Volumes: 1 List Price(USD): $6.99 |
Average Customer Rating: 4.81 (219 reviews)
Rating: 5
Summary: An Old Book with a Fair Amount of Wisdom
Comment: I often give this book out as a gift whenever a person younger than me asks for my advice on money. I always present this book to them saying "if you read it and do as it says, it will work magic." It really contains excellent, time tested advice, and would make a good gift for someone in their early 20s who is on their own for the first time, and struggling.
The book is a series of parables about money written in the 1920s by George Clason. They were written as individual essays of a few thousand words, but the theme throughout them is consistent -- save 10% of your money, give 10% away, use 10% to reduce your debt load, and live on the remaining 70%.
The stories in the book are entertaining; they are reminiscent of some of the parables in the Bible, such as the Prodigal Son or the story of the Workers in the Vineyard. I think this is intentional on the part of the author; certainly readers in the 1920s had an appreciation for "old fashioned stories with a moral" that people today seem to have lost. I enjoy the book greatly, though, and any thoughtful person who reads the book should find it interesting, especially if they are trying to get their finances in order.
Rating: 5
Summary: Even better the fifth time around!
Comment: I first heard about this book 17 years ago. At that time, I was in a direct sales company and had the good fortune to attend a seminar conducted by a businessman named Jim Rohn.
Mr. Rohn talked about his early mentor, a man named Earl Schoff and went on to tell us how Mr. Schoff turned him on to personal development and pointed him to the right books to read. One of the most important books, said Rohn was The Richest Man in Bablyon.
Rohn had made and lost a fortune but came back and made another fortune and gave credit to the principles in The Richest Man in Bablyon for helping him accomplish that feat.
I read The Richest Man in Bablyon and have to admit, I hated it! I thought it was stupid, like feel good stuff that has no substance. When ever friends came over, I hid the book. I felt so ridiculous.
But Mr. Rohns words of wisdom kept echeoing in my mind. So I read it over and over untill the principles were imbedded into my conscious and subconsious mind.
Soon, after the fifth reading, the the principles became habits for me. My wealth esculated at a very rapid rate. I was no longer wasting money. I was now investing the first 10% of my income, tithing 10% and investing another 10% in capital like no load mutuals, real estate, discounted mortgages, tax liens and my own business.
The Richest Man in Bablyon has 7 basic principles:
1) Start thy purse to fattening - save/invest
2) Control thy expenditures - watch out for self serving brokers
3) Make thy gold mutiply - use powerful investments
4) Guard thy treasures from loss - watch out for brokers with
their hot tips.
5) Make of thy dwelling a profitable investment - rental properties, your own home---but stay within your means.
6) Insure a future income - do work that you love to do. Become excellent at it.
7) Increase thy ability to earn - education never stops. Keep reading good books like this one, The Millionaire Next Door, Rich Dad Poor Dad and so on.
The Richest Man in Bablyon is an excellent book. Although only 145 pages, it is packed with powerful information that can be life changing. It has helped some people like Jim Rohn and others become millionaires.
George Samuel Clason was born in Louisiana, Missouri, on November 7, 1874. He attended the University of Nebraska and served in the United States Army during the Spanish-American War. Beginning a long career in publishing, he founded the Clason Map Company of Denver, Colorado and published the first road atlas of the United States and Canada. In 1926, he issued the first in a series of pamphlets on thrift and financial success, using parables set in ancient Bablyon to make each of his points.
These were distributed in large quantities by banks and insurance companies and became familiar to millions, the most famous being "The Richest Man in Bablyon," the parable which has impacted the lives of millions of people. These "Babylonian Parables" have become a modern inspiritional classic.
The Richest Man in Babylon is must reading for anyone who wants to achieve maximum financial success. Highly recommended.
Rating: 5
Summary: The 10% solution to wealth & prosperity
Comment: Although a slim volume of only 147 pages, this book is jammed with powerful information of how to create wealth.
Set in ancient Bablyon, the book contains a series of ancient parables to make 7 points:
1) Start thy purse to fattening
2) Control thy expenditures
3) Make thy gold mutiply
4) Guard thy treasures from loss
5) Make of thy dwelling a profitable investment
6) Insure a future income
7) Increase thy ability to earn
You will also learn of the five laws of Gold. I found the axioms at the end of each chapter interesting and helpful.
Richest Man in Bablyon is an outstanding book and belongs in the library of anyone who is serious about creating and keeping wealth.
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Title: Think and Grow Rich by Napoleon Hill ISBN: 0449214923 Publisher: Ballantine Books Pub. Date: 12 May, 1987 List Price(USD): $7.99 |
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Title: Rich Dad, Poor Dad: What the Rich Teach Their Kids About Money--That the Poor and Middle Class Do Not! by Robert T. Kiyosaki, Sharon L. Lechter ISBN: 0446677450 Publisher: Warner Books Pub. Date: 01 April, 2000 List Price(USD): $16.95 |
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Title: The Millionaire Next Door by Thomas J. Stanley, William D. Danko ISBN: 0671015206 Publisher: Pocket Books Pub. Date: 01 October, 1998 List Price(USD): $15.00 |
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Title: As a Man Thinketh by James Allen ISBN: 087516000X Publisher: DeVorss & Company Pub. Date: October, 1983 List Price(USD): $3.50 |
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Title: How To Win Friends And Influence People by Dale Carnegie ISBN: 0671723650 Publisher: Pocket Books Pub. Date: 15 February, 1990 List Price(USD): $7.99 |
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